Exports and investment recognised in NSW Budget
The NSW Budget has made a $269 million allocation for state development, which Minister for State Development Ian Macdonald says is an increase of 45 percent on the previous year.
The Department of State and Regional Development (DSRD) efforts include $63 million for investment attraction and industry development and $11 million for international market and trade activities.
“NSW is operating in a global economy and we must actively promote our strengths internationally to create jobs and investment here,” said Macdonald.
The allocation will also allow for four international offices to assist NSW businesses in overseas markets.
“International offices will be established in China in Shanghai and Guangzhou, in India in Mumbai, and in the United Arab Emirates in Abu Dhabi. These offices will give NSW a presence, so it can be further promoted as a destination for international investment, trade, tourism, education, events and as a source of world-class products and services,” said Macdonald.